Projects

Pyramid Hill Gold Project

The Opportunity

The Pyramid Hill Gold Project is an extensive and highly prospective ground position to the north of the world-class 18Moz Bendigo Gold Field in northwestern Victoria, underpinning a new gold exploration initiative in one of Australia’s most-endowed gold districts.

The Pyramid Hill Gold Project leverages off the Victorian Government’s “Gold Undercover” initiative, which estimates a potential 32Moz* undiscovered gold endowment in the Bendigo Zone north of the 18Moz Bendigo Goldfield – which was the second-highest producing gold field in Australia after Kalgoorlie.

Location

The region is enjoying a significant renaissance in gold exploration and development due to the success of Kirkland Lake Gold’s Fosterville operations and other promising exploration results on adjacent properties including Catalyst Metals’ projects located on the nearby Whitelaw fault.

Figure 1. Location of the Pyramid Hill Project.

Geology and Exploration

The Company has undertaken an initial compilation of regional gravity, aeromagnetic and geological datasets, which are interpreted to show a series of sub-parallel regional faults in Bendigo Zone sediments under the Murray Basin cover. The location of the two EL applications along the Mickelford Fault and other sub-parallel regional prospective faults is shown in Figure 1.The priority EM targets in the Latitude Hill Project have a high conductance – which is consistent with a source from bedrock sulphides. And given the lack of observed graphitic sediments in the Province, Chalice believes that these conductors are highly prospective for massive nickel-copper-PGE sulphides.

Work Plan

Chalice lodged two EL Applications (EL00661, 69) covering a total area of 1,300km2 with the Victorian State Department in December 2017. The ELA’s have recently been advertised and are now progressing through the final assessment process towards a decision to grant